Betterbank logo


Official Website:
Platforms: Android | iOS
Account Types: Personal Checking
Minimum Account Balance: $0.00
Lowest Monthly Fee: $0.00
Headquarters: Brooklyn, NY

Features: A checking account with a free insurance policy.

Touting itself as the bank that fights medical debt, is a New York based neobank that offers cash if you lose your job during a medical emergency.

Founded in early 2019, entered the US challenger bank space with an original idea: if you get your paycheck direct deposited in your checking account, you automatically get a free built-in insurance policy which pays for medical deductibles and out of pocket expenses, every-day expenses like rent and groceries, and even lost income. And they emphasize that it is not a loan, you do not have to pay it back.

As of the last update, is not yet live. They are offering a wait list for early access.